With the indices showing solid signs that they might continue their bullish run and ANF being at solid support I think right now might be one of the best prices to buy into this.
Of-course lower lows could come and the pattern could fail... we cannot decide which setup with be the winner and which the loser.
I didn't add an SL here as I bought the stock on...
ANF is currently oversold according to the daily stochastic indicator and 200 day MA. However it overcame the 50 day MA, and is above both the daily Ichimoku Cloud and the weekly pivot P. In addition there is a bullish crossover on the stochastic.
The target is .786 fib = 18.00 which also lines up with the 200 day MA.
Target =18.00 (+4.66%)
Stop loss = 17.00 (-0.87%)
I've been struggling with this issue since I opened my account two weeks ago. I saw that drawings were disappearing. I upgraded two times in hopes that it was simply a Subscription Level issue. But now at the highest subscription level I still see the same problem.
This latest video, shows how the sequence works properly at about 12 noon NY time. However, this...
It's a short market week here, but this is what we've got ... .
EARNINGS:
HPE (43/33): Announces Monday after market close.
ANF (85/80): Announces Tuesday before market open.
BBY (70/42): Announces Tuesday before market open.
HPQ (50/36): Announces Tuesday after market close
DE (34/29): Announces Wednesday before market open.
Of these, ANF and BBY appear most...
Entry level $17.50 = Target price $21.00 = Stop loss $16.60
Considerable high options call traded signalling a positive move in the weeks to come.
Technically broken out of well defined channel, possible back test before move higher.
P/E ratio 17.20
Yield 4.61% quite rewarding.
Very high short interest @20.58% , short covering could ignite a rally on any...
Abercrombie & Fitch had a huge sell off after earnings were below average making RSI oversold. Huge potential for recovery especially with plans to sell CBD products at 160 stores. Possible 20% returns short term.
Shares of Abercrombie & Fitch Co. ANF, rallied 2.3% in premarket trading Friday, after the apparel retailer announced a new stock repurchase program representing more than 10% of the shares outstanding. The company said it can now buy back up to 7.6 million shares, which at Thursday's closing price of $15.35 would be valued at $116.7 million. Based on about 65.7...
IT HAS BEEN A DRASTIC DECLINE FOR NYSE:ANF LOSING 45% IN 1 MONTH, THIS PROVIDES A POSSIBLE OPPORTUNITY FOR A REVERSAL/BOUNCE TRADE FROM EXCEPTIONALLY OVERSOLD TERRITORY.
WE EXPECT SOME MORE DOWNSIDE AND A TEST OF SUPPORT AT $15.80 OR $14.20. SELLING HAS BEGAN TO DECLINE, WITH DECREASING VOLUME AND SOME BOTTOM FEEDERS HAVE STARTED TO NIBBLE ALREADY. THE RETAIL...
Write sometning about your psyhology thinking before trade? good mood
Describe the trade. What you see? clasical trade between borders, I trade countertrend
What have I done well for this trade? Enter point and stop loss was put appropriate
What can I take away to help with later trades? try to not trade countertrend it is harder
Coaching Talk? yes another good trade
